--- title: "BlackBaud | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 290.6 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294197550.md" datetime: "2026-07-29T11:13:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294197550.md) - [en](https://longbridge.com/en/news/294197550.md) - [zh-HK](https://longbridge.com/zh-HK/news/294197550.md) generator: "portal-rs" --- # BlackBaud | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 290.6 M Revenue: As of FY2026 Q2, the actual value is USD 290.6 M, missing the estimate of USD 292.36 M. EPS: As of FY2026 Q2, the actual value is USD 0.79, beating the estimate of USD 0.71. EBIT: As of FY2026 Q2, the actual value is USD 62.02 M. ### Second Quarter 2026 Results Compared to Second Quarter 2025 Results #### Revenue - Blackbaud, Inc.’s GAAP total revenue was $290.6 million, an increase of 3.0%. Non-GAAP organic revenue also increased by 3.0%. - GAAP recurring revenue reached $285.3 million, up 3.3%, and constituted 98.2% of total revenue. Non-GAAP organic recurring revenue increased by 3.3%. #### Operational Metrics - GAAP income from operations was $62.0 million, with a GAAP operating margin of 21.3%, marking an increase of 100 basis points. - Non-GAAP income from operations was $94.6 million, with a non-GAAP operating margin of 32.6%, a decrease of 110 basis points. - GAAP net income was $35.4 million, and Non-GAAP net income was $59.7 million. - Non-GAAP adjusted EBITDA was $110.3 million, an increase of $1.2 million, with a non-GAAP adjusted EBITDA margin of 38.0%, a decrease of 70 basis points. - The Rule of 40 score was 41.0%. #### Cash Flow - GAAP net cash provided by operating activities was $91.1 million, an increase of $24.1 million, with a GAAP operating cash flow margin of 31.3%, an increase of 760 basis points. - Non-GAAP free cash flow was $75.3 million, an increase of $23.8 million, with a non-GAAP free cash flow margin of 25.9%, an increase of 760 basis points. ### Six Months Ended June 30, 2026 Results Compared to Six Months Ended June 30, 2025 Results #### Revenue - GAAP revenue was $571,737 thousand for the six months ended June 30, 2026, compared to $551,966 thousand for the same period in 2025, representing a 3.6% growth. Non-GAAP organic revenue growth was also 3.6%. - GAAP recurring revenue was $561,776 thousand for the six months ended June 30, 2026, compared to $539,604 thousand for the same period in 2025, representing a 4.1% growth. Non-GAAP organic recurring revenue growth was 4.1%. #### Operational Metrics - GAAP income from operations was $113,461 thousand for the six months ended June 30, 2026, compared to $77,039 thousand for the same period in 2025, with GAAP operating margins of 19.8% and 14.0% respectively. - Non-GAAP income from operations was $177,961 thousand for the six months ended June 30, 2026, compared to $171,751 thousand for the same period in 2025, with non-GAAP operating margins of 31.1% for both periods. - GAAP net income was $66,497 thousand for the six months ended June 30, 2026, compared to $30,789 thousand for the same period in 2025. Non-GAAP net income was $112,288 thousand for the six months ended June 30, 2026, compared to $105,411 thousand for the same period in 2025. - Non-GAAP adjusted EBITDA was $209,011 thousand for the six months ended June 30, 2026, compared to $201,169 thousand for the same period in 2025, with a non-GAAP adjusted EBITDA margin of 36.6% for 2026. - The Rule of 40 score was 40.2% for the six months ended June 30, 2026. #### Cash Flow - GAAP net cash provided by operating activities was $142,513 thousand for the six months ended June 30, 2026, compared to $68,329 thousand for the same period in 2025, with GAAP operating cash flow margins of 24.9% and 12.4% respectively. - Non-GAAP free cash flow was $112,269 thousand for the six months ended June 30, 2026, compared to $39,231 thousand for the same period in 2025, with non-GAAP free cash flow margins of 19.6% and 7.1% respectively. #### Other Financial Information - As of June 30, 2026, Blackbaud, Inc. had approximately $850 million remaining under its common stock repurchase program, which was expanded and reauthorized in December 2025. - The company expects total repurchases during 2026 to represent between 6% and 10.0% of its outstanding common stock as of December 31, 2025. ### Financial Outlook Blackbaud, Inc. reaffirmed its full-year 2026 financial guidance, anticipating results in the upper half of the range for revenue, adjusted EBITDA, non-GAAP EPS, and free cash flow, with EPS and free cash flow at the high end. The full-year 2026 guidance includes GAAP revenue of $1.173 billion to $1.179 billion and non-GAAP free cash flow of $280 million to $290 million. Key assumptions for 2026 include interest expense of approximately $62 million to $66 million and capital expenditures of approximately $60 million to $70 million, including capitalized software development costs. ### Related Stocks - [BLKB.US](https://longbridge.com/en/quote/BLKB.US.md) ## Related News & Research - [Blackbaud (BLKB) Rebound Puts Its Fair Value Narrative Back In Focus](https://longbridge.com/en/news/298188535.md) - [Top Blackbaud Executive Executes Notable Insider Stock Sale](https://longbridge.com/en/news/297853409.md) - [Blackbaud (NASDAQ:BLKB) CFO Chad Anderson Sells 2,000 Shares](https://longbridge.com/en/news/297899501.md) - [Blackbaud EVP, Chief Commercial Officer Benjamin David J disposes of 2,086 shares worth $100,708.73](https://longbridge.com/en/news/297825558.md) - [Trump Says Oil Prices Will Drop 'Precipitously' Once the US Wins Iran War, As Gas Hits Record Labor Day High](https://longbridge.com/en/news/298258707.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**